LU
SOUTHWEST AIRLINES CO
LUV Industrials · Transportation
Latest period 2026-06-30 · 43 filings on record
SHOWING
Fiscal years as the company filed them — each point is one closed year from its 10-K, ending on that year's own close. A year with no 10-K on file is assembled from its four quarters and labelled by its ending date instead; a year still open gets no column at all.
Ranked against Industrials · 69 peers
Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
Growth
63rd pct
▲+15 over range · as of 2025-12-31
Quality
6th pct
▲+2 over range · as of 2025-12-31
Safety
47th pct
▼−17 over range · as of 2025-12-31
OVERVIEWYoY Δ
Latest fiscal year · ending 2025-12-31 · green = improving · click a row to chart it
Revenue $28.1B +2.1% Gross margin — — Operating margin 1.5% +0.4pp Net margin 1.6% −0.1pp CHARTED Net income $441.0M −5.2%
Debt / equity
0.62
−4.6%
EPS (diluted)
$0.79
+3.9%
EBITDA
$2.0B
+0.5%
Filings
FY 2021 → FY 2025 · following the period bar 21 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
All 21 filings
10-Q Q3 2024 2024-10-28 Pro → 10-Q Q2 2024 2024-07-29 Pro → 10-Q Q1 2024 2024-04-26 Pro → 10-K FY 2023 2024-02-06 Pro → 10-Q Q3 2023 2023-10-30 Pro → 10-Q Q2 2023 2023-07-28 Pro → 10-Q Q1 2023 2023-04-28 Pro → 10-K FY 2022 2023-02-07 Pro → 10-Q Q3 2022 2022-10-31 Pro → 10-Q Q2 2022 2022-08-02 Pro → 10-Q Q1 2022 2022-05-02 Pro → 10-K FY 2021 2022-02-07 Pro → 10-Q Q3 2021 2021-10-26 Pro → 10-Q Q2 2021 2021-07-27 Pro → 10-Q Q1 2021 2021-04-27 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
Fiscal years as the company filed them
Revenue
| Period | Period end | Revenue |
|---|---|---|
| FY 2021 | 2021-12-31 | $15.8B |
| FY 2022 | 2022-12-31 | $23.8B |
| FY 2023 | 2023-12-31 | $26.1B |
| FY 2024 | 2024-12-31 | $27.5B |
| FY 2025 | 2025-12-31 | $28.1B |
Net income
| Period | Period end | Net income |
|---|---|---|
| FY 2021 | 2021-12-31 | $977.0M |
| FY 2022 | 2022-12-31 | $539.0M |
| FY 2023 | 2023-12-31 | $465.0M |
| FY 2024 | 2024-12-31 | $465.0M |
| FY 2025 | 2025-12-31 | $441.0M |
Operating income
| Period | Period end | Operating income |
|---|---|---|
| FY 2021 | 2021-12-31 | $1.7B |
| FY 2022 | 2022-12-31 | $1.0B |
| FY 2023 | 2023-12-31 | $224.0M |
| FY 2024 | 2024-12-31 | $321.0M |
| FY 2025 | 2025-12-31 | $428.0M |
Net margin
| Period | Period end | Net margin |
|---|---|---|
| FY 2021 | 2021-12-31 | 6.2% |
| FY 2022 | 2022-12-31 | 2.3% |
| FY 2023 | 2023-12-31 | 1.8% |
| FY 2024 | 2024-12-31 | 1.7% |
| FY 2025 | 2025-12-31 | 1.6% |
ZOOM
FY 2009
FY 2025
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Growth
63
Quality
6
Safety
47
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| FY 2021 | 2021-12-31 | not scored | not scored | not scored |
| FY 2022 | 2022-12-31 | not scored | not scored | not scored |
| FY 2023 | 2023-12-31 | 47 | 4 | 64 |
| FY 2024 | 2024-12-31 | 65 | 5 | 44 |
| FY 2025 | 2025-12-31 | 63 | 6 | 47 |